Stock Market Update
07-Mar-25 11:00 ET
HPE, COST, GWRE trade lower after earnings
Dow -90.08
at 42488.69,
Nasdaq -65.07
at 18004.19,
S&P -20.80
at 5717.72
[BRIEFING.COM] The major indices dropped below prior closing levels in recent action. Negative responses to earnings reports since yesterday's close have contributed to the selling interest thus far.
Hewlett Packard Enterprise (HPE 15.23, -2.72, -15.2%) shares are sharply lower after reporting below-consensus earnings accompanied by below-consensus Q2 EPS and revenue guidance.
Costco (COST 963.00, -63.62, -6.2%) and Guidewire Software (GWRE 177.58, -9.40, -5.0%) also missed earnings estimates, showing sizable declines.
Retailer Gap (GAP 21.98, +2.48, +12.8%) has gone against the downside grain today after reporting above-consensus earnings.
